Roku, Inc. (NASDAQ:ROKU) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd cut its stake in Roku, Inc. (NASDAQ:ROKU) by 96.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,841 shares of the company’s stock after selling 377,259 shares during the period. Quadrature Capital Ltd’s holdings in Roku were worth $902,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ROKU. GAMMA Investing LLC bought a new position in Roku during the 4th quarter valued at $27,000. Quarry LP boosted its stake in Roku by 160.2% during the fourth quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after buying an additional 266 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in Roku by 43.5% during the first quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock worth $40,000 after acquiring an additional 187 shares during the period. Geneos Wealth Management Inc. raised its position in Roku by 835.6% in the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock worth $45,000 after acquiring an additional 610 shares in the last quarter. Finally, Natixis acquired a new stake in Roku in the 1st quarter valued at about $53,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Buying and Selling at Roku

In other news, Director Mai Fyfield sold 650 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $57.88, for a total value of $37,622.00. Following the sale, the director now owns 3,259 shares of the company’s stock, valued at approximately $188,630.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Stephen H. Kay sold 3,322 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $57.09, for a total transaction of $189,652.98. Following the sale, the senior vice president now owns 82,036 shares in the company, valued at $4,683,435.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mai Fyfield sold 650 shares of Roku stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $57.88, for a total value of $37,622.00. Following the completion of the transaction, the director now directly owns 3,259 shares of the company’s stock, valued at $188,630.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,281 shares of company stock valued at $1,567,805. 13.98% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ROKU has been the topic of a number of research reports. Piper Sandler reiterated a “neutral” rating and issued a $65.00 target price (down from $81.00) on shares of Roku in a report on Friday, April 26th. Jefferies Financial Group started coverage on Roku in a report on Thursday, May 2nd. They set an “underperform” rating and a $50.00 price objective on the stock. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $89.00 target price on shares of Roku in a research report on Friday, April 26th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Roku in a research report on Thursday, June 20th. Finally, Susquehanna reduced their price objective on Roku from $110.00 to $80.00 and set a “positive” rating for the company in a research note on Monday, April 29th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $82.50.

Roku Trading Up 2.8 %

NASDAQ:ROKU traded up $1.59 during mid-day trading on Friday, hitting $59.04. The company’s stock had a trading volume of 3,006,726 shares, compared to its average volume of 3,413,736. The company has a market capitalization of $8.51 billion, a price-to-earnings ratio of -14.80 and a beta of 1.96. Roku, Inc. has a fifty-two week low of $51.51 and a fifty-two week high of $108.84. The stock has a fifty day moving average of $58.55 and a 200-day moving average of $66.19.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, topping the consensus estimate of ($0.64) by $0.29. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The business had revenue of $881.50 million during the quarter, compared to the consensus estimate of $843.54 million. During the same quarter last year, the company earned ($1.38) EPS. Roku’s revenue was up 19.0% on a year-over-year basis. On average, equities analysts anticipate that Roku, Inc. will post -1.94 earnings per share for the current fiscal year.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.